The company has seen recent growth with the acquisition of Relove Technology, and another part of this growth is that the new management team will take majority ownership of the business
Genuine Solutions has announced it has undergone a Management Buy-Out (MBO) and has appointed Paul Crossman as the new CEO.
The MBO means former CEO Christian McBride will step down but continue to be a shareholder.
McBride founded the company in 2005 and since then, Genuine Solutions has now established itself in the recovery, reuse and recycling of technology and it’s been recognised by the government for its achievements.
As Crossman takes over as CEO, he will bring a range of knowledge and industry experience and help lead the company’s vision to develop Genuine Solutions to become a leader in its industry.
Commenting on the MBO, Crossman said: “Our mission is to be the natural choice for people and industry as their circular technology solution provider and without Chris’s contributions over the years as Founder and CEO, we wouldn’t be where we are today.
“We have a fantastic legacy to springboard the next stage of our future growth strategy to build a sustainable business for people and planet.”
Former CEO Christian McBride added: “I’m extremely proud of what we have achieved together as a team at Genuine but I felt that this was a good time to take a step back.
“Genuine is in great hands with Paul and the Management team and I wish them all well for the future.
“I know that they have some exciting plans and I cannot wait to help them develop them as part of my new role!”